Core Insights - Fox Corporation reported total quarterly revenues of $4.37 billion, an increase of $924 million or 27% from the prior year quarter, driven by significant growth in advertising revenues and other segments [2][5] - The company experienced a net income of $354 million, a decrease from $704 million in the prior year quarter, with adjusted net income attributable to stockholders at $507 million [3][18] - Adjusted EBITDA for the quarter was $856 million, down from $891 million in the prior year quarter, primarily due to increased expenses related to sports programming and production costs [4][26] Revenue Breakdown - Total revenues for the quarter were $4.37 billion, with affiliate fee revenues at $2.00 billion (up 3%), advertising revenues at $2.04 billion (up 65%), and other revenues at $330 million (up 20%) [2][5] - Cable Network Programming segment revenues were $1.64 billion, an increase of $164 million or 11%, while Television segment revenues reached $2.70 billion, an increase of $766 million or 40% [6][8] Expense Analysis - Operating expenses increased significantly, leading to a decline in net income; total operating expenses for the quarter were $2.97 billion compared to $2.05 billion in the prior year [15][10] - The increase in expenses was attributed to higher sports programming rights amortization and production costs, particularly due to the broadcast of Super Bowl LIX [4][10] Share Repurchase Program - As of March 31, 2025, the company repurchased approximately $5.35 billion of Class A common stock and $1 billion of Class B common stock, with a remaining authorization of $650 million [11] Cash Flow and Financial Position - The company reported net cash provided by operating activities of $1.81 billion for the quarter, compared to $941 million in the prior year [17] - Total assets as of March 31, 2025, were $23.37 billion, an increase from $21.97 billion in the prior year [16]

Core Viewpoint - Fox Corporation (FOXA) is expected to report its third-quarter fiscal 2025 results on May 12, with earnings estimated at 93 cents per share, reflecting a 14.68% decline year-over-year, while revenues are projected to grow by 20.42% to $4.15 billion [1]. Group 1: Earnings and Revenue Estimates - The Zacks Consensus Estimate for FOXA's earnings is 93 cents per share, which is an increase of 3 cents over the past 30 days [1]. - The revenue consensus is set at $4.15 billion, indicating a 20.42% growth compared to the same quarter last year [1]. Group 2: Recent Performance and Trends - FOXA has consistently beaten the Zacks Consensus Estimate in the last four quarters, with an average surprise of 24.20% [2]. - The company's advertising revenues rose by 21% year-over-year to $2.42 billion in the second quarter of fiscal 2025, which is expected to positively impact the third quarter results [3]. - The Super Bowl broadcast in February was sold out at record-high pricing, contributing to the positive momentum in sports broadcasting for FOXA [4]. - The NEWS division has shown strong performance, with increased viewership translating into significant advertising revenue growth [5]. Group 3: Cost Considerations - FOXA faced higher expenses in the second quarter of fiscal 2025 due to increased sports programming rights amortization, production costs, and digital costs associated with Tubi, which may pressure profit margins in the upcoming quarter [6]. Group 4: Earnings Prediction Model - According to the Zacks model, FOXA has an Earnings ESP of -1.08% and a Zacks Rank of 2 (Buy), indicating a lower likelihood of an earnings beat compared to other stocks [7].

Core Insights - McEwen Mining Inc. has reported significant drilling results from the Grey Fox Project, indicating a promising increase in gold resources and the discovery of a new exploration corridor at depth [2][3][7] Resource Update - The current resource at Grey Fox consists of 1,538,000 gold ounces at an average grade of 3.64 g/t Indicated and 458,000 gold ounces at 3.30 g/t Inferred [3][11] - The Gibson Zone accounts for approximately 18% of the Indicated resource and 50% of the Inferred resource [11] Drilling Results - Notable drill results include hole 25GF-1539, which returned 12.4 g/t gold over 10.7 m, including a high-grade interval of 27.9 g/t gold over 4.5 m [7][24] - Hole 25GF-1548 returned 4.0 g/t gold over 30.1 m, indicating a potential thickening of mineralization [7][27] - New mineralization has been identified at the Grey Fox South Zone, with drillhole 25GF-1537 returning 6.2 g/t gold over 7.8 m and 4.4 g/t gold over 16.0 m [7][36] Exploration and Future Potential - Ongoing drilling is focused on expanding the known resource and identifying new discoveries below the current endowment [3][12] - The exploration efforts are supported by geophysical surveys aimed at enhancing the understanding of potential new mineralization [12][15] - The results from the drilling campaign may indicate the presence of Black Fox style mineralization below Grey Fox, which could lead to additional resource development [40] Management Commentary - CEO Rob McEwen expressed confidence that Grey Fox will become a cornerstone asset for the company in the future [43] - The company has received the Closure Plan Permit for the Stock Project, with production anticipated to begin in 2026 [44]

Group 1 - Fox Corporation's President and COO John Nallen will participate in MoffettNathanson's Media, Internet & Communications Conference on May 14, 2025 [1] - A live and archived webcast of the presentation will be available on Fox Corporation's investor website [1] Group 2 - Fox Corporation produces and distributes news, sports, and entertainment content through brands like FOX News Media, FOX Sports, FOX Entertainment, FOX Television Stations, and Tubi Media Group [2] - The company holds cultural significance with consumers and commercial importance for distributors and advertisers [2] - Fox Corporation aims to leverage its strengths and invest in new initiatives to enhance its offerings and consumer relationships [2]

Wall Street analysts expect Fox (FOXA) to post quarterly earnings of $0.93 per share in its upcoming report, which indicates a year-over-year decline of 14.7%. Revenues are expected to be $4.14 billion, up 20.2% from the year-ago quarter. Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe. Before a company reveals its earnings, it is vita ...

Core Viewpoint - Fox Factory (NASDAQ: FOXF) is positioned as a strong investment opportunity, particularly in anticipation of a recovery in discretionary spending and the commitment of enthusiasts to their sports and hobbies [1] Group 1: Investment Thesis - The company is recognized for its strong premium brands, which are appealing to consumers [1] - The focus is on identifying companies that offer healthy dividends while waiting for capital appreciation [1] - The shares of Fox Factory are considered temporarily undervalued compared to its fundamentals, peers, and historical levels [1] Group 2: Investment Criteria - High odds for capital appreciation are preferred, ideally driven by foreseeable catalysts [1] - The investment strategy emphasizes companies that reward shareholders in two ways: through dividends and capital appreciation [1] - The analyst has a background in the HVAC industry, which influences the focus on related stocks [1]

Company Overview - Fox Corporation is expected to report quarterly earnings of $0.96 per share, reflecting a year-over-year decline of 11.9% [3] - Revenues are anticipated to reach $4.15 billion, which is an increase of 20.5% compared to the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has been revised 4.84% higher in the last 30 days, indicating a positive reassessment by analysts [4] - The Most Accurate Estimate for Fox is higher than the Zacks Consensus Estimate, resulting in an Earnings ESP of +4.53% [10][11] - Fox currently holds a Zacks Rank of 2 (Buy), suggesting a strong likelihood of beating the consensus EPS estimate [11] Historical Performance - In the last reported quarter, Fox exceeded the expected earnings of $0.61 per share by delivering $0.96, resulting in a surprise of +57.38% [12] - Over the past four quarters, Fox has beaten consensus EPS estimates three times [13] Industry Context - E.W. Scripps, another player in the Zacks Broadcast Radio and Television industry, is expected to report a loss of $0.23 per share, indicating a year-over-year change of -130% [17] - E.W. Scripps has an Earnings ESP of 0.00% and has not beaten consensus EPS estimates in any of the last four quarters [18]

Group 1 - Fox Corporation (FOX) is a member of the Consumer Discretionary sector, which includes 257 individual stocks and currently holds a Zacks Sector Rank of 10 [2] - Fox Corporation has a Zacks Rank of 1 (Strong Buy), indicating a positive earnings outlook based on earnings estimates and revisions [3] - The Zacks Consensus Estimate for FOX's full-year earnings has increased by 14.8% over the past quarter, reflecting improved analyst sentiment [4] Group 2 - Year-to-date, Fox Corporation has returned approximately 0.4%, outperforming the Consumer Discretionary sector's average return of -4.4% [4] - Fox Corporation belongs to the Broadcast Radio and Television industry, which has gained an average of 14.6% this year, indicating that FOX is slightly underperforming its industry [6] - Another stock in the Consumer Discretionary sector, Sony (SONY), has a year-to-date return of 19.5% and a Zacks Rank of 2 (Buy) [5][6]

Group 1 - The options market indicates significant implied volatility for Fox Corporation, particularly for the July 18, 2025 $22.50 Call option, suggesting that investors expect a substantial price movement [1] - Implied volatility reflects market expectations of future stock movement, often indicating potential upcoming events that could lead to a major price change [2] - Fox Corporation holds a Zacks Rank 2 (Buy) in the Broadcast Radio and Television industry, which is in the top 15% of the Zacks Industry Rank, with recent analyst activity showing an increase in earnings estimates for the current quarter from 90 cents to 92 cents per share [3] Group 2 - The high implied volatility for Fox Corporation may signal a developing trading opportunity, as options traders often seek to sell premium on such options to capture decay [4]

Core Viewpoint - Fox Corporation (FOX) has received an upgrade to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][4]. Earnings Estimates and Revisions - The Zacks rating system is based on the Zacks Consensus Estimate, which aggregates EPS estimates from sell-side analysts for the current and following years [2]. - Fox is projected to earn $4.49 per share for the fiscal year ending June 2025, reflecting a year-over-year increase of 30.9% [9]. - Over the past three months, the Zacks Consensus Estimate for Fox has risen by 14.8%, indicating a positive trend in earnings estimates [9]. Impact of Institutional Investors - Changes in a company's future earnings potential, as indicated by earnings estimate revisions, are strongly correlated with near-term stock price movements [5]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, and their investment actions can significantly influence stock prices [5]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. - The upgrade of Fox to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting a strong potential for price appreciation in the near term [11].